Vehicle leasing is the leasing (or the use of) a motor vehicle for a fixed period of time. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay. The key difference in a lease is that after the primary term (usually 2,3 or 4 years) the vehicle has to be returned to the leasing company for disposal.
Read more about Vehicle Leasing: Rationale, Lease Agreement, See Also
Famous quotes containing the word vehicle:
“If you would learn to write, ‘t is in the street you must learn it. Both for the vehicle and for the aims of fine arts you must frequent the public square. The people, and not the college, is the writer’s home.”
—Ralph Waldo Emerson (1803–1882)